Job description A Career with Hang Seng Bank Hang Seng is committed to service excellence. Our people are our most important asset and play a vital role in our efforts to continually enhance our performance for customers and provide best-in-class products and services. We seek to attract high-calibre talent by offering a dynamic working environment, good career development opportunities and competitive compensation packages.
Senior Regulatory Compliance Manager, WPB Department: Risk and Compliance Division - Regulatory Compliance The Compliance function is a Second line of defence (LOD) function, responsible for reviewing and challenging the activities of the Group's businesses (also referred to as "the First LOD") to ensure that they effectively manage as "Risk Owners" the Regulatory Compliance risks inherent in or arising from the conduct of their activities and for which they are responsible. The Second LOD consists of 'Risk Stewards' who are independent of the commercial risk-taking activities undertaken by the First LOD. The Compliance function is a Risk Steward for a number of non-financial risks in accordance with HSBC Group's risk framework.
We are currently seeking a high caliber professional to join our department as
Senior Regulatory Compliance Manager, WPB. Principal responsibilities The Senior Regulatory Compliance Manager, Wealth & Personal Banking (WPB) for HASE HK is the senior accountable executive responsible for ensuring that HSBC's operations in HASE HK are effective in identifying, managing and mitigating Regulatory Compliance risk and ensure timely advice is provided to the business.
The responsibilities of the Senior Regulatory Compliance Manager WPB are to:
- Articulate the Regulatory Compliance risks for HASE HK.
- Primarily to support WPB Advisory, to maintain an effective control framework and to ensure compliance with all relevant external laws & regulations, internal codes and policies and good market practices. With primary focus on WPB area.
- Provide advisory services to Wealth & Personal Banking business in order to ensure clear understanding of compliance risk exposure with respect to clients, transactions and products.
- Manage the relationship with relevant regulators on behalf of HASE HK.
- Be responsible for second line governance of Regulatory Compliance risks exposures, providing analysis, reporting and governance to HASE HK that is independent of the first line of defence, thereby maintaining an objective assessment of risk exposure
- To exercise risk steward challenge, act as independent trusted advisory in governance forums, issue management, fostering a compliance culture and optimizing relations with risk owners and control owners.
- Assist the senior management of HASE HK, the leadership of the Compliance function, and other colleagues on all material compliance related matters.
- Represents the Compliance agenda up to the highest levels of the Group's governance, to report on progress and issues in relation to the operational effectiveness of HSBC's policies, processes, systems and controls in countering Regulatory Compliance risks.
Requirements - Significant experience as a regulator, or a senior compliance manager across all areas of Compliance risk within a global firm, in the banking industry, with retail banking as an advantage.
- Detailed and extensive knowledge of the HSBC Group and structure, its business and personnel, and corporate culture.
- Thorough understanding of WPB business with practical knowledge of broad range of WPB products and services is highly desirable.
- Excellent communication and inter-personal skills, with experience of dealing with executives at all levels.
- Ability to develop practical, cost effective solutions to complex global issues.
- A legal or formal accountancy qualification or professional background in a relevant risk or audit discipline.
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